Scientists Warn the UN of Capitalism's Imminent Demise

[Kuya John]

1 hour ago, stevewool said:

I wonder who will take over all the loans that folk have still outstanding, now that will be interesting.

Apparently Steve being still contracted into their loans, they will still be legally tied into the new owner of their debt's

Just hope the government step in and reduce the percentage rate.

[sonjack2847]

50 minutes ago, Kuya John said:

Apparently Steve being still contracted into their loans, they will still be legally tied into the new owner of their debt's

Just hope the government step in and reduce the percentage rate.

That is why they got into trouble their high interest rates.As far as I remember they were told that they must cut them.

[Snowy79]

     Most Capitalism type business fail deliberately.  The owners drain the company dry before moving onto the next one.  A bit like locusts.  That said they employ millions, spread some wealth and generally improve the quality of the countries that are Capitalist.  While mankind still has differing DNA there will always be winners and losers. 

     I'd hazard a quess that Capitalism will out last scientists.  Computers are starting to think for themsleves now and robot technology is actually repairing other robots.  Computers are also carrying out many tasks that were once the jobs of scientists and they can carry out these tasks 24/7. 

     Even in the medical profession there's rapid changes.  People are swallowing tiny microchips inside a pill which monitors the bodies vital symptoms and these readings are being monitored remotely by other computers which alert health care specialists.  These so called specialist have a fraction of the training of a doctor but it's been proven to be more accurate than the usual 5 minute visit by a doctor who checks your pulse, blood pressure and asks a few questions. 

     I've friends that take tiny blood samples which are read by an attachment to their mobile phone and again this is uploaded to other care specialists.  Just look at some of the scanning machinery these days.  Operated by a trained technician and the resulting scans read and interpretated by a computor or even the robotic operations taking place.

     It's certainly going to be an interesting future just looking at the changes alone in the last 30 years.

[StayAtHomeDad]

I wonder what will happen if the robots ever become capitalists. Hmmm

[Kuya John]

9 hours ago, sonjack2847 said:

That is why they got into trouble their high interest rates

I think Kev, that they were operating on the basis that those willing to pay would greatly out number the defaulters.

With the extortionate rates they were charging they thought they couldn't lose! Even now there are Company's still operating within the law.

Also here in UK there are high street shops selling goods at what seems low repayments, yet charging 29-30% interest over 3-4 years.

There is a bit of a difference between 29-30% in certain shops and Loan sharks charging 1000-1500%

Stay happy in the Philippines, on the good ship Brexit it is every man for himself..........

[Kuya John]

7 hours ago, Snowy79 said:

Most Capitalism type business fail deliberately.  The owners drain the company dry before moving onto the next one.  A bit like locusts.  That said they employ millions, spread some wealth and generally improve the quality of the countries that are Capitalist.

Snowy, you forgot " and raid the pension funds " of people who have been loyal employees!

Edited September 1, 2018 by Kuya John

[Snowy79]

1 minute ago, Kuya John said:

Snowy, you forgot " and raid the pension funds " of people who have been loyal employees!

Amen.

[Jake]

IMMINENT DEMISE OF CAPITALISM?   

Now this is an interesting thread.....thank you Jess and Reboot!

BIOS Research Unit in Finland were asked to provide research that would feed into the drafting of the UN Global Sustainable Development Report (GSDR), which will be released in 2019 -- its conclusion:

"It depends on how you define capitalism".

“Capitalism, in that situation, is not like ours now,” said Järvensivu. “Economic activity is driven by meaning—maintaining equal possibilities for the good life while lowering emissions dramatically—rather than profit, and the meaning is politically, collectively constructed. Well, I think this is the best conceivable case in terms of modern state and market institutions. It can’t happen without considerable reframing of economic-political thinking, however.”

I am by no means a student of economics.  Hell, I still need a calculator to play blackjack  But I like to think that my stronger interest would be the study of modern history.  My prime reason -- being a veteran.....what can be done in the future so we don't puck up again.  As a member of the Modern Man, are we able to learn from our past mistakes (again) of social and economic fiascos?  

For example, remember the ENRON meltdown in Texas?  In my opinion, the title C E O just became a new three letter word.  Yeah, I took BS-101 and learn the various business models for success.  I think I pissed off the professor by responding all the business models were missing a very important factor -- corruption at all levels.  It makes the world wobble a bit but somehow recovers?  

The punch line "considerable reframing" is so confusing to me.  Perhaps those BIOS research scientists are just as confused on how to smooth out economics in the future.  With all the think tanks and western political leaders, they apparently miss another meltdown in Venezuela (socialism vs capitalism), which in our modern times and technology failed to see or prevent another human disaster of epic proportion -- could that also happen in my neighborhood as well?  

I'm sorry guys for my soft rant -- I do fear for my children future.  We certainly left a mess for them to recover.  

Respectfully Jake  

[StayAtHomeDad]

13 minutes ago, Jake said:

Perhaps those BIOS research scientists are just as confused on how to smooth out economics in the future. 

I think you're right. Personally, I don't think they have any more of a clue about this than any of the rest of us.

Edited September 2, 2018 by JeSsDaDdY

[Jake]

30 minutes ago, JeSsDaDdY said:

I think you're right. Personally, I don't think they have any more a clue about this as any of the rest of us.

But I tell you what Pare......before we pinish our pirst fitcher of MoJo, I'm sure we could up with some viable solution.

By the way, I graduated with a BS degree in BS.....he, he.